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FxWirePro: USD/THB slips below 32.60 mark, good to sell on rallies

  • USD/THB is currently trading around 32.53 marks.
     
  • It made intraday high at 32.56 and low at 32.49 marks.
     
  • Intraday bias remains neutral for the moment.
     
  • On the top side, key resistances are seen at 32.60, 32.90, 33.05, 33.20, 33.37, 33.52, 33.78 and 33.96 marks respectively.
     
  • Alternatively, a daily close below 32.49 will drag the parity down towards key supports around 32.27, 32.18, 32.02 and 31.85 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

We prefer to take short position on USD/THB around 32.55, stop loss 32.72 and target of 32.27.

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January 22 19:00 UTC 428188428188m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 416368416368m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 416368416368m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 416368416368m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

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Bln AR bln ARS

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